1
RASCO FINANCIAL CONSULTANTS
EXISTING PROFESSIONAL WORK
(Working since 1986 as CONSULTANT and providing the following Professional Services)
CORPORATE SERVICES.
Registration of Companies and filing of statutory returns as required under Companies Ordinance 1984.
To act as Company Secretary and to perform the following functions:-
a-To control office routine and procedure. To look after Book-Keeping, accounting,. Tax, company law
matters.
FINANCIAL & MANAGEMENT ACCOUNTING
?Designing of Accounting, Costing, budgeting, Management and Financial Information Systems
PROJECTS
?Projects identification of new projects and its Feasibility Study. Arranging of Project loans in association
with SANDBERG ENTERPRISES LTD,USA.
TAX SERVICES
?Registration of Firms/Companies with Sales Tax, Income Tax Departments of Government of Pakistan.
Filing of statutory returns and Maintenance of the Accounting Record as required under Sales Tax Act,
1990and Income Tax Ordinance, 1979.To act as “The Tax Payer’s authorized
representative?before the Assessing Authority, Adjudicating Authority or Appeal Tribunals.
RECOGNITION AS CONSULTANT (Accounting, Costing, Financial Management, Tax & Corporate
Affairs) by the following organizations:-
?Center on Transnational Corporation of United Nations New York vide letter No AID/1544 dated 7-10-
1988
?The Asian Development Bank vide letter No 6698 dated 6-4-1989
?The World Bank (IBRD-IDA) vide letter No B12133 (5) dated 7-12-1990
?Ministry of Economic Affairs Government of Pakistan vide letter No22(a) PD/86 dated 10-8-1991
?The Regional Commissioner of Income Tax & Wealth Tax, Central Board of Revenue, Government of
Pakistan vide letter No SO-IV157/ITP dated 10-7-1997(ITP No MN022)
?Income Tax Bar Association Faisalabad vide letter dated 19-8-1998
Registered as Financial Consultant with SAMEDA (Small and Medium Enterprises Development
Authority,Pakistan
Registered as Financial Consultant with Basic Fund for Financial Assistance for Management Services a
company incorporated by Ministry of Finance Government of Pakistan and Asian Development Bank. .
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List of Clients who were served and being served as Consultant is attached. .
Name of Clients Nature of Services Provided
1- Shafi Textile Mills Pvt Ltd Project feasibility, Company Registration & Arranging of project
Loan
2- Sadaqat Textile Mills (Pvt) Ltd Project feasibility, Company Registration & Arranging of project
Loan
3- Khalid Saleem Textile Mills (Pvt)
Ltd
Project feasibility, Company Registration & Arranging of project
Loan
4- Al-Tahir Trading Co Pvt Ltd Project feasibility, Company Registration & Arranging of project
Loan
5- Faizan Textile Industries Pvt Ltd Project feasibility, Company Registration & Arranging of project
Loan
6- Khawar Weaving Factory. Project feasibility & Arranging of project Loan
7- Amad Textile Textile Industries. Project feasibility & Arranging of project Loan
8- Ibrahim Ismail Pvt Ltd Project feasibility, Company Registration & Arranging of project
Loan
9- Bukhash Industries Pvt Ltd. Project feasibility, Company Registration & Arranging of project
Loan
10- N. M. Textile Mills (Pvt) Ltd Project feasibility, Company Registration & Arranging of project
Loan
11- K. M.Textile Industries (Pvt) Ltd Project feasibility, Company Registration & Arranging of project
Loan
12- Aala Sizing Industries, Project feasibility & Arranging of project Loan
13-Malik Cooking Oil & Ghee Mills
Ltd,
Project feasibility, Company Registration & Arranging of project
Loan
14-United Traders Pvt Ltd. Project feasibility & Arranging of project Loan
15-Kamal Ghee Mills Pvt Ltd. Project feasibility, Company Registration & Arranging of project
Loan
16-Tariq Rashid Textile Mills Ltd. Project feasibility, Company Registration & Arranging of project
Loan
16A-Tariq Rashid Textile Mills Ltd. Setting of Industrial Project at 28 KM Sheikhupura
Road,Faisalabad
16B-Tariq Rashid Textile Mills Ltd. Accounting & Tax Services.
17-Shamshad Textile Mills Pvt Ltd. Project feasibility, Company Registration & Arranging of project
Loan
18-Jamal Textile Industries Pvt Ltd. Project feasibility, Company Registration & Arranging of project
Loan
19-Amtul Subhan Textile Mills Pvt
Ltd.
Project feasibility, Company Registration & Arranging of project
Loan
20-Suleman Industries Pvt Ltd. Project feasibility, Company Registration & Arranging of project
Loan
21-Qasure Textile Mills Ltd. Project feasibility, Company Registration & Arranging of project
Loan
22-Sharif Fabrics Pvt Ltd. Project feasibility, Company Registration & Arranging of project
Loan
23-Clyed Textiles Pvt Ltd. Project feasibility, Company Registration & Arranging of project
Loan
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24-Ahmad S.Board Industries Pvt Ltd Project feasibility, Company Registration & Arranging of project
Loan
25-Adbul Qadeer Textile Mills Pvt Ltd. Project feasibility, Company Registration & Arranging of project
Loan
26-Hussain Textile Mills Pvt Ltd. Project feasibility, Company Registration & Arranging of
project Loan
27-Ateeq Textile Mills Pvt Ltd. Project feasibility, Company Registration & Arranging of
project Loan
28-Latif International Pvt Ltd. Project feasibility.
29-Ashfaq Textile Mills Ltd. Project feasibility, Company Registration & Arranging of
project Loan
30-Faizullah Shah Textile
Industries.
Project feasibility.
31-Nasir Mehmood Textile
Industries.
Project feasibility.
32-Teepu Sultan Engineering
Industries.
Project feasibility.
33-GM Spinning Mills Ltd. Arranging of Bank Guarantee & Legal documentation.
33 A-GM Spinning Mills Ltd. Accounting Advisory Services.
34-Regency Arcade . Arranging of Bank Guarantee & Legal documentation.
35-KKP Traders Pvt Ltd. Arranging of Leasing Finance & Legal documentation.
36-Pakweavers Pvt Ltd. Project feasibility, Company Registration & Arranging of
project Loan
37-Anjum Textiles Pvt Ltd. Project feasibility.
38-Chaudhary Ginning. Project feasibility.
39-Khawaja Trading Corporation Project feasibility.
40-R. Sharif Textile Mills (Pvt)Ltd Corporate Services
41-S. Sharif Weaving Mills Pvt
Ltd,
Corporate Services
42-Al-Tahir Trading Co Pvt Ltd, Corporate Services & Accounting Services
43-Allied M.M. Pvt Ltd, Corporate Services & Accounting Services
44-Awais Texttile. Project feasibility.
45-Saqib Weaving Factory. Sales Tax Services.
46-Shahab Weaving Factory. Sales Tax Services.
47-Sidiq Weaving factory. Sales Tax Services.
48-Star Weavers. Sales Tax Services.
49-Star International. Corporate, Income Tax Services
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50-Inayat Ltd. Project re-structuring services
50A-Inayat Ltd. Accounting & Tax Services.
51-Pak Tanneries. Project feasibility.
52-All P. C. Power Looms
Association.
Corporate and Advisory Services
53-All P.T.Processing Mills
Association.
Corporate and Advisory Services
54-Sunpak Fiber Ltd. Corporate and Advisory Services
55-Abasyn Colour Polyester Ltd. Corporate and Advisory Services
56-Aala Textiles. Import & Export Advisory Services
57-Arfa Fabric. Accounting & Tax Services.
58-Sitra Knitting Industries Pvt Ltd Corporate and Advisory Services
59-Ishaque weaving Accounting & Audit Services
60-World Garments Pakistan Pvt
Ltd
Corporate and Advisory Services
CURRENT PROJECTS
1-METROPOLE DOWN TOWN PROJECT FOR ARRANGING OF LOAN OF US$ 127
MILLION
2-CANON TEXTILE MILLS Setting up and arranging of project finance 100% export oriented
value added project high thread,fine yarn bed sheet sets and bed in bags for export to USA,Canada
& Europe.
ACADEMIC QUALIFICATIONS.
BA from Punjab University year 1966
A-PROFESSIONAL QUALIFICATIONS
(Company & Local Government Administration)
1-Local Self-Government Diploma Examination. (LSGD)
From the Local Self-Government Institute Institute Lahore, Punjab-Pakistan. -In the year 1963-64
Subjects: -Basic Democracy Administration. Municipal Administration. History of the Local
Government, Accounts & Finance of Local Government. Public Health Engineering and Town Planning.
2- Qualified as CHARTERED SECRETARY
From the Institute of Chartered Secretaries and Administrators, London, England in August 1977 (in
General & Financial Administration) and was admitted, as Associate member vides No 70665dated 20-
12-1977 in the following subjects: -
Communication, General Principles of Law, Principles of Economics. Statistics, Financial Accounting,
Law & Procedure of Meetings, Business Law, Office Administration and Information System, Economics
Policies and Problems, Financial Accounting (Companies), Company Law, Management Techniques &
services, Management Accounting, Business Finance, Personnel Principles and Policies, Management
Principles and Policies
3- qualified as CORPORATE SECRETARY (A statutory recognized
qualification under Pakistan Companies Ordinance, 1984) from the Institute of Corporate Secretaries,
Karachi-Pakistan and was admitted as an Associate Member vide No A-34 dated
5
7-9-1983 in the following subjects:
Economics, Introduction to Accounting, Business Mathematics & Statistics, Commercial Laws, Company
Law & Practice, Financial accounting, Industrial Laws, Information System & Computers, Office
Administration & Management, Business Finance, Meeting Law & Procedure, Organizational Behaviour,
Taxation
Personnel Administration, Secretarial Practice, Drafting & Conveyance
B-PROFESSIONAL QUALIFICATIONS IN ACCOUNTING ,MANAGEMENT ACCOUNTING &
FINANCE
1- Qualified up to Professional Part 1 as COST & MANAGEMENT ACCOUNTANT
from the Institute of Cost & Management Accountants, London vide No 6377402
dated 26-8-1977 and was admitted as Affiliate vide No 8009549 dated 31-10-1978.
2-Qualified Associate ship Examination of the Association of Accounting Technicians in Finance and
Accounting on the basis of being Affiliate of the Institute of Cost & Management accountants of United
Kingdom. The Institute of Chartered accountants of England, The Institute of Cost & Management
Accountants, UK and the Chartered Institute of Public Finance and Accountancy, UK jointly constitute
this body.
3-Qualified as PUBLIC FINANCE ACCOUNTANT from the Pakistan Institute
of Public Finance Accountants, Karachi Pakistan. (The PIPFA is sponsored by the Institute of Chartered
Accountants of Pakistan, The Institute of Cost & Management Accountants of Pakistan, and The Auditor
General of Pakistan.) The PIPFA is an Associate Member of International Federation of Accountants
(IFAC).
PIPFA members are also eligible to act as Company Secretaries and Financial Officers of the Listed
Companies under Pakistan Companies Ordinance 1984
I was admitted as an Associate Member vides No 162 dated 13-5-1996.in the following subjects:
Business Communication & Report Writing, Business and Government organizations, Principles of
Accounting, Mercantile Law, Economics, Financial accountng, Cost Accounting & Elements of
Information System, Auditing & Taxation, Quantity Anaysis, Financial accounting -II, Analysis and
design of information system, Company Law & secretarial Practice
C-Professional Experience as Employee.
?Served as Accountant, Cost Accountant, Management Accountant, Chief Accountant, Company
Secretary, Finance Manager, Director Finance, General Manager Finance in
Textile Industry, Chemical Industry, Local Government, and Autonomous bodies from 1962 to
1985
Employer wise Summary is given below.
1- Company Secretary and Management Accountant.
Worked in Abrahim Group of Companies (Abraham Textile Mills Ltd, A.A.Textile Mills Ltd, Ibrahim
agencies Ltd, Faisalabad.Pakistan) from 1984 to 1985
2- Finance Manager
Employed by Punjab Industrial Dev Board, Government of Punjab as DeputyGeneral Manager and
worked as Finance Manager at Harrapa Textile Mills Ltd, Dist Sahiwal, Pakistanfrom1983 to 1984
3- Company Secretary /General Manager.
Insaf Textile Printing Mills Ltd, Faisalabad.Pakistan from 1982-1983
4- Director Finance
Worked as Director Finance Urban Development Wing of FaisalabadDevelopment Authority/ and
Director Finance and Administration WASA from 1979 to 1982
5- Treasurer/Part Time Lecturer in Cost & Management Accounting.
Was Selected by Uganda Public Service Commission for the position of Treasurer in the Ministry of
Local Administration Govt of Uganda. But was posted in Kampala city Council as Chief Accountant
and worked on Accounting System Designing and updating of Accounting and Book-Keeping of the
Council from 1978 to 1979 (Repatriated due to Uganda Tanzania War)During this period I taught
Cost & Management Accounting to the students of ICSA in Uganda College of Commerce
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Kampala.Uganda.
6-Assistant Manager (Cost, Accounting and Budget)
Was Employed by the Federal Chemical and Ceramics Corporation Ltd, Ministry
of Production, Government of Pakistan and was posted in Ittehad Chemicals/Ittehad Pesticide Kala
Shah Kaku District, Sheikhupura, Pakistan and served from 1976 to 1978
7-Group Cost Accountant.
Worked in Sabina Ltd, Sabina Cotton Mills Ltd, and Silva Industries Ltd Landhi
Industrial Area Karachi Pakistan from 1970 to 1976.
8-Cost Accountant.
Worked as Group Cost Accountant, The National Silk & Rayon Mills Ltd and National Embroidery Mills
Ltd Faisalabad.Pakistan from 1969 to 1970.
9-Cost Accountant.
Worked as Cost Accountant in Premier Cloth Mills Ltd Faisalabad, Pakistan from 1968 to 1968
10-Cost Accountant.
Worked as Cost accountant in Khanewal Cooperative Textile Mills Ltd, Khanewal, Pakistan from 1967 to
1967
11-Assistant Accountant.
Worked as Assistant Accountant in Lyallpur Improvement Trust, Lyallpur, Pakistan from 1962 to 1966
Personal Details:
Rashid Ahmad Sheikh
Fathers Name: Abdur-Rehman
Date of Birth 9-11-1938 as recorded in documents As per actual May,1939
Address: P-122 Khiaban-2 Imran Road, Faisalabad. Pakistan
Mobile: 92-303-6708500 Phone: 92- 41-721753
NIC No 33100-9538410-5 Family No 85Z6JY
NTN No 03-14-76696 Passport No J044363 Valid up to 7-8-2005
E-Mail: r_a_sheikh@hotmail.com
Rashid Ahmad Sheikh
Friday, November 10,
2006